22nd Jun 2016 14:40
LONDON (Alliance News) - IGas Energy PLC on Wednesday noted an announcement by Pareto Securities AS, on behalf of an undisclosed client regarding an offer to holders of IGas's USD165 million senior secured bonds.
In a statement, Igas said it is in "active discussions" with its leading bondholders.
The Pareto statement said that Pareto, on behalf of a client, is announcing an offer to the holders of Igas Energy's USD165 million senior secured bonds to tender their bonds for sale to the client. The client is not affiliated with IGas, the Pareto announcement said.
Shares in Igas were trading flat at 17.00 pence on Wednesday.
By Samuel Agini; [email protected]; @samuelagini
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